Quarterly report [Sections 13 or 15(d)]

NONCONTROLLING INTERESTS IN SUBSIDIARIES (Tables)

v3.25.1
NONCONTROLLING INTERESTS IN SUBSIDIARIES (Tables)
3 Months Ended
Mar. 31, 2025
Noncontrolling Interest [Abstract]  
Schedule of Activity of Noncontrolling Interests
The following table reflects the activity of noncontrolling interests for the three months ended March 31, 2025 and 2024, respectively:
  Three Months Ended
March 31,
 (dollars in thousands) 2025   2024
Opening Balance $ 133,678  $ 142,075 
Net income (loss) (3,031) (566)
Unit distributions (690) (457)
Redeemable noncontrolling interests (81) (297)
Change in noncontrolling interests in consolidated joint ventures (88) (933)
Redemption of common units for common stock (509) — 
Redemption of common units (148) — 
Other comprehensive income (loss) (93) 94 
Rebalancing of ownership percentage between parent and subsidiaries (347) 69 
Balance at March 31 $ 128,691  $ 139,985